Removing encumbrances - Study guides, Class notes & Summaries
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Financial Accounting & Reporting Each response is right on the mark, leading to maximum points.
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Page 9 of 106 
Proprietary 
Fiduciary - Answer Government--> modified accrual 
Proprietary--> accrual 
Fiduciary--> accrual 
Modified Accrual - Answer Modified Accrual uses government funds. For example the revenues 
are recorded only if they're MEASURABLE and AVAILABLE for paying current period obligations 
ex. Awarded a grant of $2mil but only 800k eligible for expenditure this 800k is revenue--> the amounts 
are measurable and it tells you the amount AVAILABLE (800K) for paying r...
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National and UST Mortgage Practice Exam 1|2023 LATEST UPDATE|GUARANTEED SUCCESS
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Which of the following is intended to ensure that consumers are provided with information on the nature and costs of the settlement process? 
FCRA 
HPA 
HOEPA 
RESPA 
RESPA 
 
 
 
Which of the following best describes a loan with a principal balance exceeding Fannie Mae or Freddie Mac guidelines? 
Subprime 
Jumbo 
Illegal 
Balloon 
Jumbo 
 
 
 
A borrower receives $1,000 per month in rental income. How much of the income may be used to qualify the borrower for a loan? 
$1,000 
$800 
$750 
$1,250...
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Principles of Real Estate 1 – Champions Exam Questions and Answers
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Leasehold Estates - Answer- possession and use of property without ownership 
 
Estate for years (tenancy for years) - Answer- any lease with a specific starting and ending date. Survives the death or sale of the property 
 
Periodic Tenancy/periodic estate - Answer- lease that automatically renews itself for like periods. example month to month. Requires notice to terminate 
 
Estate at Will - Answer- Very loose agreement, terminates on death or sale of the property 
 
Tenancy in Sufferance - A...
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Humber Real Estate - Course 2, Module 20, Completing Real Estate Transactions| 76 questions and answers.docx
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Yes, to ensure the property is protected. 
Is it mandatory to be present at any third-party inspections at the home? 
 
 
 
- A buyer representation agreement or a buyer customer service agreement 
 
- The accepted agreement of purchase and sale 
 
- The FINTRAC form for identification verification and Receipt of Funds for the deposit 
At the time an offer is accepted, what documents must be provided to the brokerage? 
 
 
 
The conditions are historical evidence of the progress of the parties i...
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Humber Real Estate - Course 2, Module 20, Completing Real Estate Transactions exam |76 questions and answers
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Yes, to ensure the property is protected. 
Is it mandatory to be present at any third-party inspections at the home? 
 
 
 
- A buyer representation agreement or a buyer customer service agreement 
 
- The accepted agreement of purchase and sale 
 
- The FINTRAC form for identification verification and Receipt of Funds for the deposit 
At the time an offer is accepted, what documents must be provided to the brokerage? 
 
 
 
The conditions are historical evidence of the progress of the parties i...
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REE 4433 Exam 3 Questions and Answers
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REE 4433 Exam 3 
 
(CH19) Which of the following is NOT part of the seller's preparation for closing? - Answer-Obtaining financing 
 
(CH19) The attorney's role in the closing - Answer-consists largely of preparation for the closing by examination of the documents 
 
(CH19) The listing broker's role in the preparation of the closing is normally one of - Answer-facilitating the closing by communicating with the parties 
 
(CH19) Which of the following is NOT part of the buyer's preparation fo...
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Texas Principles Of Real Estate II Final Exam Questions and Answers Latest Updated Complete Version
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Texas Principles Of Real Estate II Final Exam Questions and Answers Latest Updated Complete VersionWritten documents affecting a title to real estate are recorded: 
 
A.	where the titleholder resides 
B.	where the titleholder has legal residence 
C.	at the county clerk's office where the property is located 
D.	at any county clerk's office in Texas -answer- C. at the county clerk's office where the property is located 
 
A person appointed by a court to settle the estate of a deceased ...
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Texas Principles of Real Estate II Final Exam: Questions & Answers: Latest Updated.
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Texas Principles of Real Estate II Final Exam: Questions & Answers: Latest Updated. 
Written documents affecting a title to real estate are recorded: 
A. where the titleholder resides 
B. where the titleholder has legal residence 
C. at the county clerk's office where the property is located 
D. at any county clerk's office in Texas C. at the county clerk's office where the 
property is located 
A person appointed by a court to settle the estate of a deceased person when the 
executor cannot...
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BROKER EXAM QUESTIONS WITH COMPLETE SOLUTIONS
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BROKER EXAM QUESTIONS WITH COMPLETE SOLUTIONS 
Of the following, which are NOT classified as real property? 
A. Fixtures 
B. Emblements 
C. Shrubs planted in the ground 
D. Air rights 
Emblements 
 
 
 
The use of the property could be changed without changing the zoning by using a: 
A. Restriction 
B. Variance 
C. Taking 
D. Buffer 
Variance 
 
 
 
The basic authority for zoning laws is derived from a state's: 
A. Powers of eminent domain 
B. Right of taxation 
C. Police power 
D. Escheat 
Pol...
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Alaska Real Estate Questions and Answers Graded A
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Alaska Real Estate Questions and Answers Graded A Personal Property Items that do not fit into the definition of real property; moveable objects; chattels 
Real Property land and anything attached to it 
Fixture An article of personal property that has become real property because it has. Even permanently affixed to the property 
General partnership An association of two or more individuals who carry on a continuing business for profit; all co-owners are general partners & share full liability f...
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